Prophix Review - why 4.5 stars?

Shlomi Lavi / updated: Nov 10, 2022

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What is Prophix?

Prophix is a cloud-based and on-premise financial management solution designed to help the user in budgeting, financial consolidation, planning, analysis and management reporting. The solution helps the user analyze financial data as well as organize information.

The user can manage information such as cash flow, budgeting, balance sheets and income statements. The solution offers data analysis solution. It also supports financial and non-financial budgeting including up, down, top, bottom, activity-based and zero-based methodologies. The solution provides modules for saving staff records including medical expenses, salary and tax calculations.

It also has multiple modelling options for forecasting which include inter-period forecasts rolling forecasts and “what if” analysis.

Who is it best for?

The typical customers include the following business size: Medium and large size businesses.

What is the actual cost?

ITQlick pricing score is 6 out of 10 (10 is most expensive). Access ITQlick pricing guide for Prophix. You can also find here pricing information from Prophix's website.

Pros

• Prophix Software offers a single source of truth as it offers only one database for all financial information
• The software is highly flexible and supports customization
• Prophix Software has a robust functionality set with several features integral to business performance management

Cons

• The platform can occasionally be slow to load, or experience crashes
• Prophix Software customer service is not designed to handle emergency issues, as responses are often delayed

How it stacks up?

Access a head to head analysis of Prophix vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Prophix right for you or your business?

Prophix Software is a business performance management solution for companies in construction, healthcare, higher education, manufacturing, and insurance. The software is highly scalable for midsize and enterprise organizations. Some clients that use Prophix include JYSK, Berendsen, and Superior Construction.